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From the chart, it is seen that a non-trending price movement is observed first. Then, at the end of it, a gap appears with high volume such that it makes the price to move beyond the strong supply zone. This confirms the Breakout gap which is not expected to get filled in the near future and this indicates the beginning of a new trend. So, the price is expected to move further up. It is recommended to create a Long position.
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Very good workout.. i appreciate your efforts in mentioning the details and marking the key points on charts.